ETF Evaluator: F/m US Treasury 30 Year Bond ETF () Follow This ETF

F/m US Treasury 30 Year Bond ETF Overview

F/m US Treasury 30 Year Bond ETF (UTHY) is a passively managed Taxable Bond Long Government exchange-traded fund (ETF). F/m Investments LLC launched the ETF in 2023.

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg U.S. Treasury Bellwether 30Y Total Return USD Unhedged Index (I00094US). Under normal market conditions, F/m Investments LLC (the “Adviser”) seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in the component securities of the underlying index. The ICE BofA Current 30-Year U.S. Treasury Index is a one-security index comprised of the most recently issued 30-year U.S. Treasury bond.

About F/m US Treasury 30 Year Bond ETF (UTHY)

There are 3 members of the management team with an average tenure of 3.35 years: Peter Baden (2023), Alexander Morris (2023) and Marcin Zdunek (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: ICE BofA US 6M Trsy Bill TR USD index with a weighting of 100% and Bloomberg US Trsy Bellwethers 30Y TR USD index with a weighting of 100%. F/m US Treasury 30 Year Bond ETF has 4 securities in its portfolio. The top 10 holdings constitute 98.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

F/m US Treasury 30 Year Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. F/m US Treasury 30 Year Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.9% (98.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). F/m US Treasury 30 Year Bond ETF has -2.6% of the portfolio in cash.

Assets Under Management

The fund has $179 million in total assets, which is below the $4 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

UTHY Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The F/m US Treasury 30 Year Bond ETF expense ratio is low compared to funds in the Long Government category. F/m US Treasury 30 Year Bond ETF has an expense ratio of 0.15%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. F/m US Treasury 30 Year Bond ETF has a portfolio turnover rate of 390%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 60% for the Long Government category.

Recently, in the month of July 2026, F/m US Treasury 30 Year Bond ETF returned -4.4%, which earned it a grade of D, as the Long Government category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

F/m US Treasury 30 Year Bond ETF has a trailing yield of 5.26%, which is below the 5.37% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

F/m US Treasury 30 Year Bond ETF Grades

Year to date, the ETF has returned -3.6%, 0.4 percentage points worse than the category, which translates into a grade of D. The fund has returned -1.1% over the past year (grade of D) and -2.7% over the past three years (grade of D).

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